Understanding the Market | ND PAPER is up over 4%, Chenming Paper's production capacity is forced to halt or limit production by over 70%, and the industry is generally raising prices + undergoing maintenance

ND PAPER is currently up over 4%. As of the time of writing, it is up 3.8%, priced at HKD 3.28, with a transaction volume of HKD 12.5476 million. In terms of news, Chenming Paper announced that due to the sluggish paper-making business, the company is facing overdue debts of up to RMB 2.394 billion. As a result, approximately 71.7% of its production capacity has been forced to halt or limit production, affecting monthly pulp and paper output by about 580,000 tons and paper sales by about 350,000 tons. The company is making every effort to raise working capital and actively resume production. Since October, many paper companies have implemented one or more rounds of price increases, and the cardboard market in various regions has followed suit, leading to a significant wave of price increases in the industry. Meanwhile, many companies have also announced shutdowns for maintenance. Analysts say that in November, "price increases + maintenance shutdowns" will become the main theme of the paper industry